PETROBRAS Reports Fourth Quarter FY2022 Earnings Results on March 2, 2023
March 19, 2023
Earnings Overview
On March 2 2023, PETROLEO BRASILEIRO SA PETROBRAS ($BER:PJXB) announced its earnings results for the fourth quarter of FY2022, which ended on December 31 2022. The company reported total revenue of USD 8.2 billion, a 46.1% year-on-year increase, and net income of USD 30.2 billion, up 25.6% from the same period in the prior year.
Market Price
At the start of trading on that day, PETROBRAS stock opened at €4.9 and closed at €5.2, a 5.5% increase from the previous closing price of €4.9. The report showed that the company had experienced growth in revenue and income over the course of the fourth quarter of the year, which has been attributed to their focus on increasing efficiency and cost-effectiveness throughout their operations.
Additionally, they have been able to reduce operational risks and improve overall performance in their production and exploration activities. Their presence in the oil and gas sectors has increased significantly due to these moves, and analysts expect them to remain competitive in the oil industry for years to come. Overall, PETROBRAS’ fourth quarter earnings report was positive, and investors have responded well to the news. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PJXB. More…
| Total Revenues | Net Income | Net Margin |
| 124.47k | 36.62k | 31.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PJXB. More…
| Operations | Investing | Financing |
| 49.72k | -432 | -51.45k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PJXB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 187.19k | 117.36k | 5.33 |
Key Ratios Snapshot
Some of the financial key ratios for PJXB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.6% | 44.4% | 45.7% |
| FCF Margin | ROE | ROA |
| 32.2% | 51.3% | 19.0% |
Analysis
GoodWhale has conducted an analysis of PETROLEO BRASILEIRO SA PETROBRAS’s wellbeing and based on the Star Chart, we classify the company as ‘gorilla’. This means that PETROLEO BRASILEIRO SA PETROBRAS has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors who are interested in such a company may be looking for a reliable and profitable investment. The Star Chart showed that PETROLEO BRASILEIRO SA PETROBRAS is strong in growth, profitability, and medium in asset and dividend. Overall, the company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to safely ride out any crisis without the risk of bankruptcy. This makes PETROLEO BRASILEIRO SA PETROBRAS a highly attractive choice for investors looking for a secure and profitable investment. More…
Summary
PETROLEO BRASILEIRO SA PETROBRAS reported impressive fourth quarter earnings for FY2022, with total revenue of 8.2 billion and net income of 30.2 billion dollars. This represented a significant increase of 46.1% and 25.6% respectively compared to Q4 of the prior year. The company’s stock price responded positively on the same day, making PETROBRAS a promising investment opportunity for investors.
It has a strong financial position and an impressive performance, making it an attractive option for investors seeking a high-yield investment. Furthermore, the company’s diversified portfolio and its presence in key markets should continue to drive growth in the future.
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